Rebar Falls in Shanghai on Concerns Over China’s Property Market
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Steel reinforcement-bar futures declined with China’s stocks on concerns that further tightening measures in the property sector may damp demand.
Futures for delivery in October dropped 1.7 percent to close at 3,824 yuan ($615) a metric ton on the Shanghai Futures Exchange today. The most-active contract has lost 11 percent after climbing to a 10-month high of 4,297 yuan on Feb. 8.